The total amount of orders in hand exceeds 4.6 billion yuan! Shengmei Shanghai's revenue in the first three quarters increased by 78.87% to 86.22%
This is an important news.
Most of the discussion in the forum is around advanced nodes capabilities of Chinese equipment manufacturers. This makes sense because YMTC / SMIC / etc, have been the main targets in this round of attacks by US.
But it is on mature nodes that China fights the real battle. Mature nodes are the pillars of China mega-industrial complex. Advanced nodes are a "nice to have", legacy nodes are a "must have".
Luckily (but not by luck!) Chinese companies have already successfully localized
equipment for mature nodes. Now what is really needed is to
scale up tools production. If they have to fill the void left by foreign manufacturers they have to scale 2X 3X production capacity within very short time to reduce the impact in expansion plan of 28nm and above fabs.
What is needed IMO is an
industrial mobilization like in war time...because this is a war. In this government could definitely help.